Derwent London Plc (LON:DLN) insider Simon P. Silver sold 35,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of GBX 2,739 ($36.01), for a total value of £958,650 ($1,260,386.54).

Shares of Derwent London Plc (DLN) traded up 1.58% during midday trading on Tuesday, reaching GBX 2765.00. The company’s stock had a trading volume of 164,178 shares. The stock’s market cap is GBX 3.08 billion. The firm has a 50-day moving average of GBX 2,762.08 and a 200-day moving average of GBX 2,798.03. Derwent London Plc has a one year low of GBX 2,341.00 and a one year high of GBX 3,021.00.

The firm also recently disclosed a dividend, which will be paid on Friday, October 20th. Shareholders of record on Thursday, September 14th will be given a GBX 17.33 ($0.23) dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a yield of 0.6%.

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Several equities research analysts have recently commented on the company. Liberum Capital reissued a “hold” rating and issued a GBX 2,650 ($34.84) price objective on shares of Derwent London Plc in a report on Thursday, August 10th. Barclays PLC reissued an “overweight” rating and issued a GBX 3,600 ($47.33) price objective on shares of Derwent London Plc in a report on Monday, September 25th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 3,457 ($45.45) price objective on shares of Derwent London Plc in a report on Monday, September 11th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 3,200 ($42.07) price objective on shares of Derwent London Plc in a report on Wednesday, August 23rd. Finally, HSBC Holdings plc increased their price objective on Derwent London Plc from GBX 2,817 ($37.04) to GBX 3,053 ($40.14) and gave the company a “hold” rating in a report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 2,961.82 ($38.94).

Derwent London Plc Company Profile

Derwent London plc is a United Kingdom-based real estate investment trust (REIT) operating in central London region. The Company owns and manages a portfolio of approximately 6.2 million square feet located in over 15 villages in London’s West End and City borders and focus on middle market rents. The Company’s property portfolio includes investment property, owner-occupied property and trading property.

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